LINKBANCORP, Inc. Forecasted to Earn Q3 2024 Earnings of $0.20 Per Share (NASDAQ:LNKB)

LINKBANCORP, Inc. (NASDAQ:LNKB) – Analysts at DA Davidson issued their Q3 2024 earnings per share (EPS) estimates for LINKBANCORP in a research report issued on Thursday, August 1st. DA Davidson analyst M. Navas anticipates that the company will post earnings of $0.20 per share for the quarter. The consensus estimate for LINKBANCORP’s current full-year earnings is $0.75 per share. DA Davidson also issued estimates for LINKBANCORP’s FY2025 earnings at $0.89 EPS.

Separately, Stephens restated an “equal weight” rating and set a $7.50 price target on shares of LINKBANCORP in a report on Monday, May 13th.

LINKBANCORP Stock Down 4.4 %

Shares of NASDAQ:LNKB opened at $6.71 on Friday. LINKBANCORP has a 1 year low of $5.86 and a 1 year high of $8.29. The company has a market cap of $250.69 million, a PE ratio of -25.81 and a beta of 0.51. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.01 and a quick ratio of 1.01. The stock’s 50-day moving average is $6.55 and its 200 day moving average is $6.74.

Institutional Trading of LINKBANCORP

Several large investors have recently bought and sold shares of the company. Sandy Spring Bank bought a new stake in LINKBANCORP during the 4th quarter valued at approximately $37,000. Heritage Wealth Advisors bought a new stake in shares of LINKBANCORP in the 4th quarter worth approximately $39,000. Leo Wealth LLC bought a new stake in shares of LINKBANCORP in the 4th quarter worth approximately $92,000. Cora Capital Advisors LLC bought a new stake in shares of LINKBANCORP in the 4th quarter worth approximately $118,000. Finally, Rhumbline Advisers bought a new stake in shares of LINKBANCORP in the 2nd quarter worth approximately $137,000. 37.52% of the stock is owned by institutional investors.

Insider Activity at LINKBANCORP

In related news, Director Mona D. Albertine sold 9,062 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $6.52, for a total transaction of $59,084.24. Following the transaction, the director now owns 56,232 shares in the company, valued at approximately $366,632.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other LINKBANCORP news, Director Mona D. Albertine sold 9,062 shares of LINKBANCORP stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $6.52, for a total transaction of $59,084.24. Following the sale, the director now directly owns 56,232 shares of the company’s stock, valued at approximately $366,632.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director George Parmer acquired 5,124 shares of the business’s stock in a transaction on Friday, June 14th. The shares were purchased at an average cost of $6.21 per share, for a total transaction of $31,820.04. Following the completion of the transaction, the director now owns 175,488 shares in the company, valued at approximately $1,089,780.48. The disclosure for this purchase can be found here. Insiders have acquired a total of 27,551 shares of company stock worth $174,710 in the last 90 days. Company insiders own 35.84% of the company’s stock.

LINKBANCORP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.30 dividend on an annualized basis and a yield of 4.47%. LINKBANCORP’s dividend payout ratio is presently -115.38%.

LINKBANCORP Company Profile

LINKBANCORP, Inc operates as a bank holding company for The Gratz Bank, that provides various banking products and services to individuals, families, nonprofit, and business customers in Pennsylvania. Its deposit products include demand, saving, and money market accounts, as well as certificates of deposits.